XPENG INC. (XPEV) Form 6-K — May 28, 2026
XPENG Inc. reported first-quarter 2026 results showing a 17.6% year-over-year decline in total revenue to RMB 13.03 billion (US$ 1.89 billion), driven by a 33.3% drop in vehicle deliveries to 62,682 units. The company posted a net loss of RMB 1.78 billion (US$ 0.26 billion), widening significantly from the RMB 0.66 billion loss in the same period of 2025. Despite the top-line contraction, XPENG achieved a gross margin of 20.6%, up 5.0 percentage points year-over-year, and a vehicle margin of 12.1%, up 1.6 percentage points.
Key figures
- Revenue
- 1889502000
- Revenue Yoy
- -17.6
- Cash Position
- 6100000000
- Gross margin
- 20.6
- Vehicle margin
- 12.1
- Vehicle deliveries q1 2025
- 94008
- Vehicle deliveries q1 2026
- 62682
- Q2 2026 delivery guidance low
- 100000
- Q2 2026 delivery guidance high
- 106000
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.